dealroom.coHSBCInnovationBankingsonalDack.UKCONSUMERTECHUPDATEJanuary2026Image:Untamed
Consumertechin theUKUK consumer techisConsumerVCThe UK has producedworth a combinedinvestmentis growing57 consumer unicorns$367BagainUK consumertechstartupsraisedConsumerunicornsaccountfor299UKstartups operating in consumen$3Bin2025,up25% on2024's totalof allUKS1B+-companies and exits.markets have so fargenerated $185BofS2.4B.incombinedenterprise value.Someofthe bestknownmodernThemostvaluablecohortofInvestmentisgrowingagain for the,household namesarehomegrownfirst time in four years, driven bytech companies, including Deliveroo,consumertech startups in the UK arelate-stage rounds fora broad rangeJust Eat.Octopus Energv.ASOS.lunder 10 years old, reaching scaled,Trainline,Boohoo,Depop,of consumerstartups, including in.value earlier in theirjourneythan,Skyscanner.Rightmove.Gvmsharkolder oeers-value creationis,consumer hardware (Nothing),accelerating.functional beverages(Trip),andamovie streamingplatform (Mubi),Page/2HsBChnoaionBankingdealrom.cofSource:
cMe'redeliahted to present this overview of the UKConsumersectorinpartnershipwithDealroom.Despitesomecontinuedmicroandmacroheadwindsthereportshows that the ConsumersectorcontinuestobeadriverofUKPLC withincreasedinvestmentoverall vearonvearalthouah breakoutinvestmenticstillseeingamoreconservativeappetite'The UK'sability to punch above its weightin generating ConsumerUnicomsand innovationinkevsubsectorsstrhasmarketplaces/ecommerce,edtech,gamingand creativeservicesputsit in a unique position globally WeatHSBCInnovation Bankingareexcited to support the sector to continue to drive innovation, graspJohn Stewartthe opportunity and service the consumersof tomorrow*Director-Consumer, Venture&Growth>HSBC irovaliorBankirg>HSBC InrneaticrHark incdealroom.co
1Consumer tech in the UK2SectorspotlightsPage/4doaleoomcn
UK consumerCombinedEnterprise Value-UK VC-backed ConsumerTechtech companiesare wortha$188B$185Bcombined$185B$174:$176B-2020-2025$164BThemost valuable cohorts of$146Bventure-backed startups are$150Balso the youngest.Companies,2015-2020foundedbetween2015and2020havecreated themost$100Bvalueof anycohort.100B$86BValue accelerated rapidly up,2010-2015$65BtoandduringCovid.since$59Bwhich theecosvstemhas2005-201050B$42Bsettled. as venture capital has$36B,2000.2005focussedbacktowardB2B$13B$17B$19B$21Bopportunities.1995-20001990-199520102012201420162018202020222024Page/5Source: Dealron.co. ndludes l B2C satups excludigfintech.Startups ounded since 190 1HSBCInovationBankingdaalroomco
UK consumerUKB2C venture capitalinvestmentstartupsraised$3Bin2025,up$9.0B25% year onyearAfterthreeyearsof$8.0B·contraction, UK consumerstartupinvestmentisgrowingagain6.0B$5.0BThereturntogrowthis$4.7Blargelyduetogrowthat$4.1B54.0B4.0Blate-stageinvestment stage,roundsof$100M+.While early53.0B$3.0B$2.7Band breakoutinvestmenthas$2.4B$2.2Bbeen relatively stable, they2.0B$1.8Bare stilljust belowpre-Covid,$1.2B$565.25694.15687.05883.2M)levels.2010201520202025Page/6 Soure: Dealron co Indudes al B2C startups ecdluding fntedhHSBCInnovationBankingdaalroomco
Late-stage investment has returned in 20...
